Gwybodaeth Modiwlau
Module Identifier
AC34010
Module Title
Accounting and Finance Business Game
Academic Year
2013/2014
Co-ordinator
Semester
Semester 2
Pre-Requisite
Pre-Requisite
Other Staff
Course Delivery
Delivery Type | Delivery length / details |
---|---|
Lecture | 6 hours of lectures spread over the semester |
Other | 16 Hours. Group Work |
Assessment
Assessment Type | Assessment length / details | Proportion |
---|---|---|
Semester Assessment | Group Work - Presentation 1 piece of group work | 20% |
Semester Assessment | Individual Diary | 20% |
Semester Assessment | Individual Report | 60% |
Supplementary Assessment | Individual assignment based on group presentation Individual pieces of work only, students will resubmit only failed pieces of work. Repeat Failed Elements | 20% |
Supplementary Assessment | Individual Diary Repeat Failed Elements | 20% |
Supplementary Assessment | Individual Report Repeat Failed Elements | 60% |
Learning Outcomes
On successful completion of this module students should be able to:
Consolidate, and apply the techniques of the three core areas of accounting and use them in an applied manner.
Use and critically evaluate appropriate decision techniques to identify, formulate and solve business problems under conditions of risk and uncertainty.
Demonstrate and apply leadership ability to facilitate effective performance within a team environment
Aims
This module is a core module to the School's N400 (Accounting and Finance)
Brief description
The module is designed to assist students in integrating the various disciplines studies in their Accounting and Finance degree (N400) through the use of an interactive business game.
Students are assigned into groups where they are required to act as directors running a company making regular decisions. The broad aims of the module are to consolidate technical knowledge by requiring students to make key decisions after performing appropriate analyses of detailed information about their company and its environment.
Students are assigned into groups where they are required to act as directors running a company making regular decisions. The broad aims of the module are to consolidate technical knowledge by requiring students to make key decisions after performing appropriate analyses of detailed information about their company and its environment.
Content
Working in teams students take the role of directors of a company through the use of an interactive business game. As a member of the board of directors, students are responsible for the running of a company competing against other student-run companies, requiring you to make key decisions after performing appropriate analyses of detailed information about their company and its environment
As a board of directors students are required to make decisions concerning:
- Staffing
- Raw material costs, quality and quantities
- Product prices and terms
- Marketing
- Research and development
- Financing
A key aspect of the module is the further development of personal and inter-personal skills, including: co-ordination, delegation, leadership, motivation, listening skills, responsibility, self-motivation, persuasion, reflection, focus, analyses, prioritising, perceptiveness and communication.
Module Skills
Skills Type | Skills details |
---|---|
Application of Number | * Develop an easy familiarity with numerical data sources and numerical data from the annual financial statements published * Apply numerical data to problem solving and decision making with care and accuracy * Assess the reasonableness of and interpret numerical solutions * Support assertions/arguments with appropriately developed and presented numerical data * Calculate and use descriptive statistics |
Communication | * Develop confidence in and clarity of oral communication via group work and the assessed presentation * Develop clarity and focus of written communication via development of answers to tutorial questions * Develop and use appropriate subject-specific vocabulary in oral and written communication |
Improving own Learning and Performance | * Identify and distil the key issues covered by group meetings and yearly financial results * Identify and use a range of learning resources * Structure study to accommodate intensive learning |
Information Technology | * Use a variety of electronic web- and library-based resources to review available information and retrieve pertinent information |
Personal Development and Career planning | * Develop skills in financial analysis and decision making which are essential to the aspiring general manager in the real world * Identify a variety of potential career routes within the financial and professional services sector |
Problem solving | * Identify the purpose of the game and what needs to be achieved (maximize shareholder wealth) * Assess which data are pertinent to the problem * Recognize that alternative solution methods might be available * Select and apply appropriate methods for solving the problem * Assess the reasonableness of problem solutions and interpret those solutions |
Research skills | * Develop basic information accessing and reaching skills * Properly reference/attribute information sources * Select the most pertinent information for retrieval * Retrieve information * Re-assess the pertinence and assess the credibility of retrieved information |
Subject Specific Skills | * Develop competence in understanding and appropriately applying investment/financial mathematics, accounting and general management * Understand, analyze, interpret and synthesize between financial accounting, management accounting and market-based financial information * Make well-based financial recommendations and decisions * Bring financial analysis and decision making skills to the service of the business in strategizing, marketing, operating, etc. |
Team work | * Students are assigned into groups for the practical element of this module * Develop experience of team work and develop team working skills via small group working and decision making |
Reading List
The course manual which is distributed at the briefing lecture is essential reading
Notes
This module is at CQFW Level 6